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10 Ways to Teach Children Frugality

Not only you need to save money. Children also need to be taught from an early age, in order to save a life stance in the future. Follow the steps below, so that children would save money without feeling pressured.

1. Not Spending Pocket Money
Every time give pocket money, tell him that this money is not spent. Ask for a successful return the money he set aside. Then, give praise, hugs and kisses when the kids or you managed to bring home the remaining allowance. Thus, your child will feel rewarded for what he had done.

Show your pride by telling him what he had done on her husband, in front of your child. Children will tend to repeat the process of learning that skimp on the next day.

2. Gift Giving
After one week the child had set aside allowance every day, give him a gift. Explain to her that this gift can be bought from the result set aside allowance.

Before buying a gift, find out what the first thing he wants most. Of course you could buy a more expensive gift from the spouse of the money. However, do not buy goods that much more expensive, because it just was not educated to know the value of money.

3. Provide a piggy bank
Bring your child’s piggy bank with an interesting shape. Take him to choose his own piggy bank. Tell him that the kitty is going to be his treasure. Choose phrases from favorite stories. For example, “Let’s get the treasure box of Captain Hook!”

Take heart when invited. This will make the child feel are buying something important. After that, start the child is taught to include not spending money that was spent into the piggy bank. Every week, you can also give him extra money to be saved in the “treasure box” that. Show enthusiasm, praise, and pleasure to see him put the money into it.

4. Expenditure planning
Every time give pocket money, ask him what he would buy to eat at school. Ask in detail, including how the price of food. Ask also, why he wanted to buy the food. This is to teach children that every expense should be no argument.

Introduce also the child how to optimizing expenses. Invite her to choose the best food, in accordance with the money he had.

5. Bringing Gifts of Interest
Every night before the children go to bed, take the discussion about the stock he wanted to take the next day. His ideas were of course many and could be unreasonable. Do not argue with first. Encourage your child to the refrigerator to see that food supplies there. From there then discuss again what he might bring a lunch, with food available. This will teach children that the desire and ability are two different things.

Then, stimulate children to be creative. For example, he wants what bekalnya decorated. Of course, armed with knowledge of the availability of food items available.

6. Open Savings on name
Encourage the child to the bank. Open a savings in his name. This effective way for children who can read, because he will see the savings book with his name listed there.

Teach children to save in the bank. Ask him who kept their savings books. Every time out to save, show him the results print on passbook showing the amount of money has increased. Introduce him the value of money by converting the value of money on a book with the price of goods he had.
For example by saying, “Well, with this money you can buy a Barbie doll”.

7. Introducing Consequences
Children need to be introduced in the early consequences. That on each purchase or expenditure of money, there must be consequences. At the very least, with out some money to buy something, then he may not be able to buy other items with the rest of the money.

It actually starts when you introduce the prices of goods in the amount of money he has. Tell him, “If you want to buy this Barbie doll, then you can not buy it Ken. Because you is not enough money. Let me see ya the price.”

Encourage children to bersimulasi price and value for money. This will be a fun game for children. He will continue to ask about the prices and the money he had.

8. Always Giving Reasons
Do not restrict or deny the request without a reason children. This will make children never understand what you mean. If your child whining for something to buy when the demand is not in your budget, then explain. By the time he demanded to buy, smile, and show that the price on it. “See ya, cost a fortune. My mother now has no money to buy you this toy. What if we had saved together? It’ll be fun, really.”

Not necessarily a child can understand what you say. But if it is repeated, and you are diligent to give a plausible excuse for him, then the whining in the mall scene will happen less and less.

9. Invited Thinking Forward
Do not think a child can not be invited to think ahead. If the child is beginning to be educated in a comprehensive look at the problem, then he will be an easy child to understand. Including see the future.

You can start with him to see your plan against him. For example about school. That the school now needs to be cost. And to get these costs, both parents need to work to earn money, and could save. The school did not stop next week, but until he’s big. For that, “We all need to set up money so you can continue school. Mom and dad save money, you also save money.” Thus, the child understand and feel involved in the process of saving and frugality, for the sake of his future.

If the school about “not immune”, then you can use another style of seeing the future that was close enough. For example, plans to buy a bicycle or other expensive items. The principle is to teach children to understand that in life nothing is instant. And in the process of buying a save and save.

10. Make a List of Requirements
When your child can write, ask him to write his needs. Not only needs to eat at school, as well as other needs. Encourage children to discuss any points that he wrote. Well, ask him to find the price of any item or requirement that he write.

Introducing him, what is called the needs and desires. That not all food, even basic needs, is a necessity. Breakfast, lunch to school, lunch, and dinner is a staple. But having lunch at a fast food restaurant is the desire. Or the more obvious, lunch is a need and a desire toys.

Learn to distinguish these two things will make your child understand and understand fast as he could not get what he wants.

Tags: bank, money, piggy bank, save money

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